Targets to have 2022 surpassed when you look at the 2021 – the new target to possess 2025

Targets to have 2022 surpassed when you look at the 2021 – the new target to possess 2025

Sustainability is at the newest core in our strategy – included in all aspects your team, from your product offering to your funding i proceeded to develop all of our services and you may product offering within this funding and resource government. Complete environmentally friendly credit grew in order to EUR 9.7bn, individual interest in our ESG discounts situations stayed highest and now we remain the major-positions lender to own Nordic green bonds.

We had been again rated one of many ideal a hundred very alternative enterprises international from the Corporate Knights – the actual only real Nordic bank on the positions

Most of these items led to a robust full-seasons monetary abilities. Our very own 2021 doing work money are over EUR cuatro.9bn, that is 67% greater than within the 2020, and you may our very own come back to your guarantee is actually eleven.2%, right up out-of 7.1% last year.

In the 4th quarter i went on and come up with regular advances, increasing the providers and you can customer passion according to previous residence and achieving money into the equity away from eleven.3%. The key focus remains on broadening incomes smaller than simply costs. Which one-fourth, the costs-to-income ratio increased so you’re able to 47% from 57% just last year.

Our very own borrowing from the bank top quality stays good, having internet financing losses away from 7bp when you look at the quarter. We leftover all of our government reasoning barrier undamaged from the EUR 610m since the the new impression of the pandemic with the our consumers remains unsure.

In the 2021 overall, the web mortgage losings was basically simply 1bp, in contrast to 35bp in the 2020

We will always be very invested in applying a powerful money build. Our money strength is amongst the best in Europe, having a CET1 proportion off 17.0%, that’s six.8 percentage situations above the newest regulatory specifications. This means we could still service our users, fork out dividends and you may deploy excessively investment – helping both our very own shareholders and you can community as a whole.

Highlighting the very good financial abilities and capital updates, the Panel have suggested an effective 2021 dividend of around EUR 0.69* each share – a life threatening improve for the dividend of EUR 0.39 for every share having 2020. So it usually means a commission proportion away from 70%, relative to the bonus coverage.

Meanwhile, all of our show purchase-back programme continues. Thus far, you will find implemented 75% of the initial EUR 2bn prepared, that have ordered straight back 141m offers from our shareholders. We think share buy-backs is part of the financial support government and you will filed a formal app into ECB in the me.

For 2022, i expect you’ll submit money toward collateral above eleven%, with went on winning increases, and you may all of our cost-to-income proportion is anticipated are forty-two–50%. For the 2021 the purchase price-to-income proportion benefited of excessively highest economic field money therefore we anticipate to purchase to own went on progress and to incur highest regulatory costs when you look at the 2022, such as the Swedish lender income tax. Our working overall performance will continue to boost and now payday loans online Mississippi we expect our rates-to-earnings proportion to store to the coming down regarding the coming years.

Within the i launched yet another proper guidelines to own Nordea. With bold economic aim to own 2022 and an upgraded business strategy, our point were to take forgotten ground running a business and you may boost our very own financial performance. I decided to manage three key goals: in order to make great customers feel, push income growth effort and you may optimise working overall performance.

Our company is most concerned about taking for the all of our aim and you may goals. I am delighted we has surpassed our very own 2022 monetary objectives you to coming year of schedule and that our business portion keeps satisfied its particular plans.

I’d establish our very own newest status because the a significant milestone. Today we will move ahead to deliver top-in-group omnichannel buyers experience, increase the bar into our financial results and you may drive subsequent worthy of production for the shareholders. We would like to function as the prominent mate having Nordic users inside necessity of a general set of financial qualities.

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